Bernanke’s Commercial for Gold
While compiling the Cheat Sheet of Federal Reserve Chairman Ben Bernanke’s testimony, I noted the end was one big commercial for Gold (NYSE: GLD):
- Failure to achieve fiscal sustainability in the US will, over time, sap the nation’s economic vitality, reduce our living standards, and greatly increase the risk of economic and financial instability.
- Our nation’s fiscal position has deteriorated appreciably since the onset of the financial crisis and the recession.
- The federal budget appears to be on an unsustainable path.
- Achieving long-term fiscal sustainability will be difficult. But unless we as a nation make a strong commitment to fiscal responsibility, in the longer run, we will have neither financial stability nor healthy economic growth.
Therefore, BUY GOLD!
If you are interested in how to make money in Gold, click here for a free trial to our acclaimed Gold & Silver Premium service by Chicago Mercantile Exchange commentator Jordan Roy-Byre, CMT.